FORECAST. EOY. FORECAST FORECAST FORECAST. Description. 2016. 2017. 2017. 2018. 2019. 2020. R ('000). R ('000). R ('000)
STATEMENT OF GOVERNMENT OPERATIONS IN GFSM 2001 CLASSIFICATION
Description
TRANSACTIONS AFFECTING NET WORTH: Revenue Tax Income Tax Trade tax Excise Tax GST Value Added Tax Business tax Corporate Responsibility Tax Tourism Marketing Tax Other Tax Social Contributions Social Security Tax Other Revenue Fee and charges Dividends Income Proceeds from sales of Assets Other nontax Grants (linked with the BoP) Expense Compensation of employees Use of Goods and services Grants Social Benefits Other expense Other Transfers to public sector from Central Government Contingency Interest due External Domestic Gross Operating Balance (Revenue-Expense) In percent of GDP Excluding grants In percent of GDP Excluding interest In percent of GDP
ACTUAL 2016 R ('000)
FORECAST 2017 R ('000)
EOY 2017 R ('000)
FORECAST FORECAST FORECAST 2018 2019 2020 R ('000) R ('000) R ('000)
VARIANCE (R'000)
%
1,248,521 559,377 546,811 72,218 70,116 205,505
758,491 484,830 (69,516) (59,463) 139,881 16,388 109,297 257,034 5,945 14,435 70,830 144,230 51,896 211,324
10% 8% -7% -17% 12% 1778% 5% 25% 7% 32% 12% 0% 0% 16% 12% 70%
(118,990) 129,430
-65% 48%
7,281,488 2,563,231 2,722,611
7,348,781 2,578,087 2,754,294
362,911 256,915 86,442
6% 13% 3%
1,075,686 211,744 34,712
1,077,686 215,852 34,712
1,083,085 215,852 34,712
66,077 28,972 7,139
6% 12% 26%
217,371 16,429 658,372 216,431 441,941
157,032 20,000 709,259 212,039 497,220
156,140 25,000 702,107 211,757 490,350
156,140 25,000 717,462 206,637 510,825
36,404 (14,571) (75,495) (17,610) (57,885)
20% -47% -10% -8% -12%
1,361,751 6.7% 804,829 4.0% 2,187,045 10.8%
1,247,501 6.2% 847,514 4.2% 1,905,872 9.4%
1,265,769 5.8% 865,889 4.0% 1,975,028 9.1%
1,462,828 6.3% 1,128,550 4.9% 2,164,935 9.4%
1,681,342 6.9% 1,475,838 6.0% 2,398,804 9.8%
395,579 0 266,149 0 320,085 0
46% 36% 46% 35% 20% 12%
947,598 947,598
1,346,767 1,346,767
1,155,480 1,155,480
1,333,872 1,333,872
1,366,138 1,366,138
1,349,535 1,349,535
207,882 207,882
22% 22%
82,566 82,566
100,778 100,778
100,778 100,778
150,000 150,000
100,000 100,000
0 0
60,955 60,955
153% 153%
865,032
1,245,989
1,054,702
1,183,872
1,266,138
1,349,535
146,927
16%
7,376,461 6,192,205 939,325 359,547 1,143,714 921 1,994,930 1,041,177 86,596 44,774 581,220 0 0 913,700 427,578 303,684 0 182,438 270,556
8,242,693 6,572,842 847,141 333,490 1,291,234 100 2,138,664 1,007,483 90,920 63,002 800,808 0 0 1,112,929 468,722 429,255 0 214,951 556,922
8,134,952 6,677,035 869,809 300,084 1,283,595 17,309 2,104,227 1,298,210 92,541 59,210 652,050 0 0 1,057,931 479,473 515,009
8,744,316 7,210,678 869,542 331,118 1,385,720 0 2,465,140 1,467,224 105,586 67,556 518,792 0 0 1,199,360 530,160 531,317 69,841 68,041 334,277
9,030,123 7,576,097 920,392 345,295 1,436,757 0 2,610,762 1,547,078 111,760 71,507 532,545 0
63,448 399,986
8,399,028 6,813,400 817,215 346,823 1,335,873 400 2,319,788 1,366,314 99,232 63,491 464,265 0 0 1,185,747 502,171 550,009 67,577 65,991 399,880
6,524,540 1,960,336 2,547,546
6,880,942 2,224,292 2,539,009
6,887,451 2,217,251 2,633,987
7,133,259 2,419,385 2,717,184
1,043,255 239,537 27,570
1,040,743 251,603 34,709
1,109,332 268,509 34,709
180,966 31,000 733,866 234,040 499,826
191,894 25,000 825,294 216,431 608,863
851,921 4.5% 581,365 3.1% 1,585,788 8.4%
TRANSACTIONS IN NON FINANCIAL ASSETS Purchases of nonfinancial Assets Fixed Assets Sales of nonfinancial Assets Fixed Assets Net Acquisition of NonFinancial Assets Change in Arrears External Interest Budget Change in Float Net Lending/borrowing excluding debt interest (Overall Balance) In percent of GDP Net Lending/borrowing including debt interest (Overall Balance) In percent of GDP
0 0 0 0
0 0 0 0
0 0 0
0 0 0
0
0
0 0 0 0
0 0 0 0
720,756 3.8%
941,056 4.6%
851,170 4.2%
791,156 3.6%
898,797 3.9%
1,049,269 4.3%
173,158 0
26% 16%
(13,111) -0.1%
115,762 0.6%
192,798 1.0%
81,897 0.4%
196,690 0.8%
331,807 1.4%
248,653 0
-445% -420%
TRANSACTIONS IN FINANCIAL ASSETS AND LIABILITIES (FINANCING)
13,111
(115,762)
(192,798)
(81,897)
(196,690)
(331,807)
(248,653)
-445%
Net Acquisition of Financial Assets Domestic: (Net lending)
57,603 57,603
209,547 209,547
134,922 134,922
143,163 143,163
260,618 260,618
474,178 474,178
77,319 77,319
134% 134%
Net Inccurence of Liabilities Foreign Disbursements Project Loans Program/Budget Support Scheduled amortization Change in amortisation arrears Clearance of arrears Debt Service Relief
70,713 (330,722) 390,029 128,059 261,970 (720,751) 0 0 0
93,785 181,547 625,455 625,455
21,266 500,441 954,675 954,675 0 (454,235) 0 0 0
23,928 294,061 735,131 735,131 0 (441,070) 0 0 0
102,370 (105,692) 403,960 403,960
(443,908) 0 0 0
(57,877) 136,295 580,203 580,203 0 (443,908) 0 0 0
133,380 728,987 452,144 452,144 276,843
-70% -123% 353% 353% 0% -38%
Domestic Bank financing CBS CBS Recapitalisation Commercial Banks Nonbanking Financing
401,435 361,292 20,072 0 341,220 40,144
(87,762) (78,986) (4,388) 0 (74,598) (8,776)
(194,172) (174,755) (9,709) 0 (165,046) (19,417)
(479,175) (431,258) (23,959) 0 (407,299) (47,918)
(270,133) (243,120) (13,507) 0 (229,613) (27,013)
208,062 187,256 10,403 0 176,853 20,806
(595,607) (536,046) (29,780)
-148% -148% -148%
(506,266) (59,561)
-148% -148%
Statistical Discrepancy Nominal GDP (in millions of SR) Memorandum item: Pension Fund contribution Pension Fund benefits payment Pension Fund Wages and Salaries Pension Fund Goods and Services
(509,652) 0 0 0
18,818,784
20,322,355
0 20,280,849
0 21,747,176
0 23,140,640
24,493,893
206,567 171,630 23,060 14,717
211,155 197,020 26,701 14,526
211,155 197,020 26,701 14,526
217,490 202,931 27,502 14,962
224,014 209,019 28,327 15,411
230,735 215,289 29,177 15,873
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